NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 386

HOUSE BILL 566

 

 

AN ACT TO AMEND G.S. 58-79(a)(5) AND OTHER PROVISIONS TO PERMIT INVESTMENT IN THE INTER-AMERICAN DEVELOPMENT BANK AND THE ASIAN DEVELOPMENT BANK.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 58-79(a)(5) is hereby amended by changing the period after the words "International Bank for Reconstruction and Development" to a comma and adding thereafter the following words: "Asian Development Bank and Inter- American Development Bank."

Sec. 2.  G.S. 58-79.1(a)(6) is hereby amended by changing the period after the words "International Bank for Reconstruction and Development" to a comma and adding thereafter the following words: "Asian Development Bank and Inter-American Development Bank."

Sec. 3.  G.S. 128-29(a)(2) is hereby amended by deleting the word "and" between the words "International Bank for Reconstruction and Development" and the words "Inter-American Development Bank", and inserting after the words "Inter-American Development Bank" the following words: " and Asian Development Bank".

Sec. 4.  G.S. 135-7(a)(2) is hereby amended by deleting the word "and" between the words "International Bank for Reconstruction and Development" and the words "Inter-American Development Bank", and inserting after the words "Inter-American Development Bank" the following words: "and Asian Development Bank".

Sec. 5. All laws and clauses of laws in conflict with the provisions of this act are hereby repealed.

Sec. 6. This act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 14th day of May, 1971.